SAP ERP Finance Capabilities: Africa and the Middle East

Keep your core finance operations running at peak performance by following the latest news, improvements, legal changes, and documentation for SAP ERP software that’s localized for use in countries in Africa and the Middle East.

EG-FIN January-2017
The Egypt VAT configurations guide has been released with the SAP note 2376143. The note contains a BC set for the templates related to tax codes, condition records, and related configurations. After implementing the BC set, companies can add and modify their tax configurations based on their business processes.

EG-FIN (June 2016) - The financial localization solution for Egypt Private Sector is available on on S4HANA OP 1511.

Core finance capabilities in the Israel-specific version of SAP ERP are included as an add-on up to SAP ERP 6.0 enhancement package 7, and as a standard country version starting with SAP enhancement package 8 for SAP ERP 6.0.

KW-LOG: New Support package for Letter of Credit and Bank Guarantee Enhancements (January 2016) - SAP has released new support package on LOCINLOG 606, SAPK-60605INLOCINLOG-SP 0005. This Support Package includes all functions that have been released earlier (phase 2).

Localized finance capabilities for Kuwait public sector: phase 1 (June 2015) – The localized country version for Kuwait public sector, phase 1, that includes finance functionalities per the law and regulations of Ministry of Finance, is now available. It includes budget preparation, execution, and payment processes – as well as related legal forms and reports – and is available in Arabic and English languages. For technical details, view SAP Note 2118516 – public sector localization for Kuwait*.

A new localized solution is available to the Oman private sector for Omani companies/customers through SAP ERP EAGLO 607 SP10. Released in Enhancement package 6.0, it provides the following key functions:

Withholding Tax - Automatic clearing program of withholding tax against Bank or Bank sub account or Tax office. Generates the legal form 18 (Statement of remittance of withholding tax to the Secretariat General for Taxation) in Arabic and English languages.

Income Tax - Manage income tax declaration form 12 (Provisional return of income of the taxpayer) and forms 13, 14, 15, and 17 (Final Return of Income). All forms in Arabic and English languages.

Postdated Checks - Manage the outgoing PDC dashboard to manage the check printing on the spool.

KSA Finance Public Sector – Expenditure Order and Payment Order (January 2017)

SAP announced the delivery of Saudi Arabia Public sector Enhanced Expenditure order and Payment order functionalities.

SAP delivered the new enhanced product to cater to Saudi Arabia Public sector Finance localization requirements, which satisfies the best practice processes and legal requirements in the area of Payable processes.

The new product provides the following important legal functions and features, not limited to:

Expenditure order dashboard providing features such as advanced search for expenditure orders and also actions on expenditure orders can be triggered from the dashboard - such as display, edit, print, reverse

Payment processing for expenditure orders with the following features:

- Possibility to choose different payment types such as Ministry of Finance Payment order generation or Internal Transfer payment

- Budget chapter-wise control for MoF Payment order

- Possibility to configure and maintain the MoF payment status of the payment orders

- Internal transfer control based on the threshold amount

Payments dashboard providing features such as advances search for payments and actions on payments can be triggered from the dashboard - such as display, Maintain MoF payment status, and print, reverse.

We strongly recommend existing KSA PS customers to implement this new enhanced solution. All customers using the preceding solution for expenditure order & payment order are asked to refer to the SAP Note “2393438: Notice for availability of Enhanced Expenditure order and Payment order functionality for Saudi Arabia Public sector and planned end of maintenance for old solution” and to reach out to SAP via customer incident for consultation on how to migrate to this new enhanced solution.

For further information related to the functionality & user guide for the solution, please refer to the SAP Note: 2320270

KSA Finance Private Sector – WHT Return (November 2016)

In line with the circular from General Authority for Zakat & Income Tax (GAZI), regarding the electronic filling of withholding tax (WHT) returns in ERAD system, we are announce the enhancement and updates made in our exiting Annual and Monthly Withholding Tax Return

As part of our support to Saudi Arabia and Ministry of Commerce & investment (MOCI) initiatives, SAP Globalization Services in MENA is delighted to announce the release of SAP localized KSA QAWAEM program function in October 2016.

Qawaem is a program established by the Ministry of Commerce and Investment. Qawaem program aims at improving and increasing work efficiency and making use of the uploaded financial statements in order to provide outstanding services to beneficiaries, users and stakeholders.

Now, SAP customers in Saudi Arabia can use Qawaem Program Function to get out of the system ALV output of the four different financial statements for Corporate Sector (Financial position, Income statement, Change of equity, and Cash flow) and apply certain validation rules across these statements

SAP Note 2261340* contains the solution for enabling the necessary changes for the Form 29 to work with the KSA Budget reclassification based on the GFSM2001 System. Implement the corrections in this order:

Implement the pre-requisites as per SAP Note 2289890 to get the necessary DDIC objects.

This SAP Note contains the solution for enabling the necessary changes for the Adjustment Entry Form to work with the KSA Budget reclassification based on GFSM2001 System.

KSA FIN Public Sector - Budget Preparation Reporting (February 2016)

SN 2235225– Budget Preparation Reporting based on the new Budget classifications (GFSM 2001) in Saudi Arabia

This solution will enable you to carry out Budget reporting based on GFSM 2001 Budget Classifications

Prerequisite: You are a Public Sector organization in Saudi Arabia, who has implemented the Budget classification based on the new regulation based on the GFSM2001 accounting principles rolled out by the Ministry of Finance of Saudi Arabia.

Technical Prerequisite: For customers on EhP6 and EhP7, the minimum prerequisite SP level of SAP EAPSGLO 607: SP 12, should have been implemented Business Function PSM_FM_LOC_CI_09 is activated

Core finance capabilities in the United Arab Emirates-specific version of SAP ERP support local legal requirements and business best practices, and are included in the standard country version of SAP ERP.

*Customer Login Required (S-User) – Information marked with an asterisk is available to current SAP customers only. Your customer login (s-user) is required to access this information. Please contact your local SAP support center for assistance.